Bitcoin Supply In Profit Sets The Stage For Bullish Cross In Q1 2026
Bitcoin continues to struggle below the $90,000 mark, reflecting a market that has failed to recover bullish momentum after weeks of consolidation. Repeated attempts to reclaim higher levels have stalled, reinforcing growing skepticism among analysts who now openly discuss the risk of a broader bear market extending into 2026. Sentiment remains fragile, dominated by caution and reduced risk appetite, as traders wait for clearer confirmation of the next directional move. Price now compresses below the downward-sloping 50-day and 100-day moving averages.. This configuration reinforces the prevailing bearish trend and suggests that upside attempts are likely to face supply pressure. The 200-day moving average, currently well above spot price, highlights how far BTC has drifted from its longer-term trend equilibrium.Related Reading
Momentum has cooled notably since the November sell-off. While selling intensity has eased, the absence of strong bullish volume indicates that buyers remain cautious. The recent price action resembles a consolidation range rather than a reversal, with BTC oscillating between roughly $85,000 and $90,000. This behavior often reflects indecision rather than accumulation.
For now, $90,000 remains the critical level bulls must reclaim to shift sentiment meaningfully. Failure to do so keeps downside risks in play, with $85,000 acting as near-term support. Until price regains key moving averages, the broader structure favors continued range-bound or corrective price action.
Featured image from ChatGPT, chart from TradingView.com
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